Loss of energy output will take two years to recover: IEA
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4 hour(s) ago Global Economy
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19 April 2026, 12:44 PM Business
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19 April 2026, 00:00 AM Global Economy
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19 April 2026, 00:00 AM Global Economy
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18 April 2026, 13:31 PM Business

Bangladesh cuts cash incentive for exporters further

From FY25 beginning today, the maximum rate of export incentive has been set at 10% and the minimum at 0.3%
1 July 2024, 06:01 AM

China factory activity contracts for second month

Factory activity in China shrank for a second straight month in June, data showed Sunday, underscoring the country’s shaky economic recovery ahead of a key political gathering expected to focus on deepening reform.
30 June 2024, 18:00 PM

Payment period for raw material imports extended till Dec

The previously fixed 360-day usance period ended today
30 June 2024, 14:22 PM

IMF downgrades US economic forecast for 2024

The IMF said Thursday it expects the US economy to grow a bit more slowly than previously forecast, while praising the way it has remained “robust, dynamic, and adaptable to changing global conditions.”
29 June 2024, 18:00 PM

Gold shines on rate-cut hopes

Gold prices steadied on Friday and were headed for a third straight quarterly gain after a key US inflation report was broadly in line with expectations, boosting hopes that the Federal Reserve could cut interest rates by September.
29 June 2024, 18:00 PM

Sri Lanka’s inflation doubles to 1.7% in June

Crisis-hit Sri Lanka’s annual inflation almost doubled to 1.7 percent in June, up from 0.9 percent the previous month, as food prices began rising again, official data showed Saturday.
29 June 2024, 18:00 PM

Indians battle intense heat with ‘mad rush’ for ACs, beer

Demand for beer in India is at a multi-year high and air conditioner sales are skyrocketing as the intense, unprecedented heat scorching parts of the country becomes a boon for some consumer businesses.
29 June 2024, 18:00 PM

Indians battle intense heat with 'mad rush' for air conditioners, beer

Demand for beer in India is at a multi-year high and air conditioner sales are skyrocketing as the intense, unprecedented heat scorching parts of the country becomes a boon for some consumer businesses
29 June 2024, 11:21 AM

Sri Lanka’s creditors demand deal details, including with China

Sri Lanka’s bilateral lenders who agreed to restructure close to $6 billion in loans have demanded “comparability of treatment” with other creditors, including China.
27 June 2024, 18:00 PM

Fitch downgrades Maldives, warns of default

International credit rating agency Fitch downgraded the Maldives Wednesday and warned that South Asia’s tourist paradise could be headed for a sovereign default on its foreign loans.
27 June 2024, 18:00 PM

H&M net profit jumps 52% in second quarter

H&M posted on Thursday a 52-percent jump in net profit for the second quarter as the world’s second biggest fashion retailer pressed on with efforts to control costs.
27 June 2024, 18:00 PM

Korea to give $814.91m for rail and road bridge

South Korea is set to provide a loan of $814.91 million to Bangladesh for the construction of a rail and road bridge across the Karnaphuli river at the Kalurghat point in Chattogram.
27 June 2024, 18:00 PM

Banks grab AI-generated tiger by the tail

For such a seismic force like AI,there’s little tangible sign yet that shareholders believe in the prospective value uplift for the industry.
27 June 2024, 13:32 PM

Ratings agency Fitch downgrades Maldives, warns of default

International credit rating agency Fitch downgraded the Maldives Wednesday and warned that South Asia's tourist paradise could be headed for a sovereign default on its foreign loans
27 June 2024, 13:29 PM

Bangladesh’s GDP to grow 5.7% in FY25

Bangladesh's gross domestic product (GDP) growth will decrease to 5.7 percent in 2024-25 from 5.8 percent in the current fiscal year while inflation will ease to 8 percent, according to the Mastercard Economic Institute (MEI).
27 June 2024, 11:05 AM

H&M net profit jumps 52% in second quarter

Chief executive Daniel Erver said the company had achieved its "best profit and cash flow for many years" in the April-to-June period, with profit after tax reaching five billion Swedish kronor ($473 million).
27 June 2024, 08:17 AM

Renata to sign deal with IFC for $60 million loan

The fund will be given as working capital
27 June 2024, 08:01 AM

US, Japan, South Korea vow strategic cooperation to boost security, economies

We are doubling down our efforts to work together, US Commerce Secretary Gina Raimondo said
27 June 2024, 06:55 AM

US consumer confidence ticks lower

US consumer confidence edged slightly lower in June amid rising concern about current and future business conditions, according to survey data published Tuesday.
26 June 2024, 18:00 PM

Sri Lanka seals partial debt deal

Cash-strapped Sri Lanka said Wednesday it had clinched a restructuring deal with a majority of bilateral lenders covering up to $5.8 billion in debt, a key step towards recovery after a 2022 financial crash.
26 June 2024, 18:00 PM